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2011 New Mexico Statutes
Chapter 7: Taxation
Article 9: Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114
Section 7-9-32: Exemption; gross receipts tax; oil and gas or mineral interests.


NM Stat § 7-9-32 (1996 through 1st Sess 50th Legis) What's This?

7-9-32. Exemption; gross receipts tax; oil and gas or mineral interests.

Exempted from the gross receipts tax are the receipts from the sale of or leasing of oil, natural gas or mineral interests.

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